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Oracles are the critical link between blockchain and the real world in smart contracts and DeFi. They provide external data, enabling smart contracts to function as intended by executing actions based on real-world events or data. Without oracles, DeFi apps would lack the ability to interact with off-chain information, severely limiting their functionality and use cases. Dive into decentralized oracle networks like Chainlink for secure and reliable data solutions.

Financial planner and film critic. I trade and watch.

Absolutely true! Chainlink indeed stands out with its robust security and reliability. Its decentralized network of oracles ensures that smart contracts can trust external data, critical for the growth and adoption of DeFi.